Market News

Texas regulators approved a proposal to change the way wholesale electricity markets work in Texas, a move expected to significantly boost revenues for power generators while increasing electricity prices for consumers and businesses. The state’s power companies have long press.

Greystar, a leader in the multifamily real estate business with over 40,000 residences in the greater Houston area, wanted to implement an innovative energy strategy that would leverage their vast portfolio of properties and save employee time. Greystar partnered with Infinity Po.

Houston’s CenterPoint Energy has completed an electric transmission line that will bring power to Houston, likely easing price spikes and congestion in a region where power demand outpaces the local transmission capacity. On March 29, CenterPoint powered up its 60-mile, 345.

CenterPoint Energy this week filed to increase its electric distribution rates, another part of a plan that will raise the utility’s rates across its regulated businesses over the next year. CenterPoint is seeking to increase its electric distribution revenues by $82.6 million,.

The question of sufficient resource adequacy in a Texas summer is evidencing itself in a spike of power prices. In years past, price spikes based on real shortages were natural gas-driven (think 2006 with Rita and Katrina where infrastructure damage included offshore pipes and He.

Houston-based CenterPoint Energy is seeking a rate increase for electricity distribution to recoup nearly $480 million it spent on its distribution system in 2016, the company announced on Thursday. The rate increase — which would add 80 cents for every 1,000 kilowatt hours use.

The average gas bills for Houston-area residents could rise in six months if a rate increase sought by the natural gas utility is approved by state regulators. CenterPoint Energy, the monopoly gas distribution company, filed a rate request Thursday with the Railroad Commission, s.